Flakes; of Potatoes Price in Canada - 2023

Flakes; of Potatoes Price in Canada (CIF) - 2023

In September 2023, the average flakes; of potatoes import price amounted to $2,635 per ton, declining by -6.7% against the previous month. Over the period from September 2022 to September 2023, it increased at an average monthly rate of +1.0%. The growth pace was the most rapid in December 2022 when the average import price increased by 34% month-to-month. The import price peaked at $3,219 per ton in February 2023; however, from March 2023 to September 2023, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In September 2023, the highest price was recorded for prices from the United States ($3,037 per ton) and Germany ($2,567 per ton), while the price for the Netherlands ($2,119 per ton) and Poland ($2,227 per ton) were amongst the lowest.

From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Poland (+6.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Flakes; of Potatoes Price in Canada (FOB) - 2023

In September 2023, the average flakes; of potatoes export price amounted to $1,708 per ton, waning by -11.3% against the previous month. Over the last twelve months, it increased at an average monthly rate of +1.7%. The pace of growth appeared the most rapid in January 2023 an increase of 22% m-o-m. Over the period under review, the average export prices hit record highs at $1,925 per ton in August 2023, and then dropped in the following month.

Prices varied noticeably by the country of destination: the country with the highest price was the United States ($1,759 per ton), while the average price for exports to Panama amounted to $1,019 per ton.

From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+2.0%).

Flakes; of Potatoes Imports in Canada

In 2022, flakes; of potatoes imports into Canada fell markedly to 9.1K tons, waning by -28.9% compared with the previous year's figure. In general, imports continue to indicate a abrupt shrinkage. The growth pace was the most rapid in 2021 when imports increased by 3%.

In value terms, flakes; of potatoes imports shrank significantly to $16M in 2022. Over the period under review, imports recorded a pronounced descent. The most prominent rate of growth was recorded in 2021 when imports increased by 5.1% against the previous year. As a result, imports attained the peak of $19M, and then shrank markedly in the following year.

Import of Flakes; of Potatoes in Canada (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United States	17.5	16.1	14.2	13.9	-7.4%
Netherlands	N/A	1.3	0.5	1.3	0.0%
Belgium	N/A	0.1	0.5	0.4	100.0%
Poland	0.2	0.2	2.9	0.3	14.5%
Others	0.5	0.6	1.1	0.3	-15.7%
Total	18.2	18.3	19.2	16.3	-3.6%

Top Suppliers of Flakes; of Potatoes to Canada in 2022:

United States (7.6K tons)
Netherlands (1.0K tons)
Belgium (0.2K tons)
Poland (0.2K tons)

Flakes; of Potatoes Exports in Canada

Flakes; of potatoes exports from Canada soared to 11K tons in 2022, growing by 59% on the previous year's figure. Overall, total exports indicated a prominent expansion from 2019 to 2022: its volume increased at an average annual rate of +16.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +59.0% against 2020 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, flakes; of potatoes exports surged to $16M in 2022. Over the period under review, total exports indicated a significant expansion from 2019 to 2022: its value increased at an average annual rate of +21.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +79.4% against 2019 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.